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20121201
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
their euros. >> reporter: in germany vehicles more than 30 years old and in pristine condition are certified as classics. an index measuring classic car prices show they have doubled over the past decade. behind this is a uniquely vigilant germany against inflati inflation. this made the currey plunge resulting in hyper inflation. the european central bank is now promoting a policy of buying government bonds to help countries in financial crisises. jgermans are worried this there flood the market. he's investing in classic cars. he bought this 25 years ago for $18,000. its value has tripled. he with drew money from his bank account to buy two more classic cars last year. one car is now worth one and a half times more than he paid. he is confident he made a good investment. the other car is a popular porshe model. it's likely to increase in value. >> translator: prices have risen many times in the last decade. cars are a promising asset. >> reporter: some commodities are attracting attention because they are part of people's daily lives like cattle. in just won month the bond sold out. the pr
and france called for an enter introduction of a unified oversight while germany urged a gradual implementation. ministers also couldn't agree on how much supervisory authority to give the european central bank. they decided to meet again next week for further discussions. eu, economic, and monthly tear affairs commissioner said consolidation of oversight will be the first step towards a banking union. it will include a framework for bailing out nations with excess debts. he said failure is not an option. last month eu leaders agreed to allow the region central bank to supervise some 6,000 commercial banks in the eurozone. the goal is so set up a framework by the end of the year and launch the new system next year. now let's get a check on markets. tokyo share prices are trading in a narrow range. the nikkei is down 1/4 of a percent at 9,409, a loss of 24 points from tuesday's close. they're sidelining after taking profits if recent gainers at the open. they're refraining from major moves to confirm the next steps in the u.s. budget talks. the obama administration and opposition
germany. we have been seeing wet and unstable conditions there. the temperatures are very cold, too. berlin at 9 degrees. but take a look at what people in berlin did yesterday, on tuesday. members of berlin's swimming club, the berlin fields, took a traditional christmas swim in a frozen lake on tuesday. they're also known as ice swimmers because temperatures are below freezing. the club was founded in 1979 and has 16 members. after the swim everyone said it's just great. and on that note i'll leave you know for your three-day outlook. ♪ ♪ ♪ >>> and that concludes this edition of "newsline." i'm catherine kobayashi in tokyo. do stay with us.
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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